Virtual data rooms are designed for collaboration. They offer an integrated platform that allows teams as well as partners and clients to collaborate and review documents live. They also feature built-in activity tracking and auditing capabilities that provide a complete record of who accessed what and when. This can be used to identify suspicious activity and ensure the compliance.
M&A – M&A transactions require a substantial amount of documentation that has to be reviewed and shared by the sell-side and the buy-side. VDRs are a great instrument to ensure this process is managed efficiently, safely and effectively.
Banking Investment banks require secure access to confidential documents from clients as well as third parties to be able to complete M&As, raise capital and other projects. VDRs can be a cost-effective substitute to in-person meetings, and eliminate the need for document storage, courier services, office supplies, and office supplies.
Construction & Service Contracts
Contractors are required to share a variety of confidential documents to complete projects and maintain business relationships. This requires a sturdy and reliable software that allows contractors to access their documents wherever they have an internet connection. VDRs are highly secure alternatives to physical and email files that can be easily viewed from any device or place.
Biotech/Pharma – R&D in life science firms requires high-level security and an environment for collaboration on confidential documents with investors, partners and other stakeholders. These firms can use VDRs to track progress, analyze investor interest and track the how documents are used by their customers.
